Guest Post: "Gold and Silver Stand-Off: Demarketing and Deep Value", by Paul Mylchreest

19
Tue, Jul 14, 2015 - 10:22am

"The demarketing of gold may be close to running its course as it seems that sellers of paper gold instruments are attempting to induce one more sell-off to fully cover their diminishing short positions. Indeed, signs are emerging that the long Nikkei/short gold trade, which has done so much damage to gold’s price, is becoming problematic." -- Paul Mylchreest

Longtime readers will recall that my friend Paul and I both discovered the link between the yen and gold late last year. Working independently, Paul put his findings as a Long Nikkei--Short Gold where we've always proposed it's a more straightforward Long USDJPY--Short Gold trade. In the end, it doesn't really matter which vehicle is used as the long portion of this dominating trade. It's clear for all to see now that the BoJ and other central banks have worked aggressively since 2012 to devalue the yen, while at the same time crushing the paper price of gold.

In this new report, Paul gives us an update on his Long Nikkei--Short Gold thesis as well as several other global trends he's been monitoring. As usual, Paul does fantastic work here so it is imperative that you take the time to absorbe all of the information presented below.

TF

The Gold and Silver Stand-Off

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  19 Comments

CPE
Jul 14, 2015 - 10:24am

Thx

Turd

boomstick
Jul 14, 2015 - 10:33am

sweet!

2th

Mr. Fix
Jul 14, 2015 - 10:38am
Jul 14, 2015 - 11:05am
2c piece
Jul 14, 2015 - 11:25am

4th

Just confirming what is plain to see directly above. The Fix is in.

Edit:

For gold they seemed to have found a way to Greece the road to kick the can a little further. In the future they may find other Spainful ways. Eventually they will probably have to be Franc with us. Not sure where the silver will come from. Perhaps JP Morgan, if Butler is correct.

OK, I apologize in advance

Turd, thank you for bringing our attention to this Great in depth analysis.

.

Pining 4 the Fjords
Jul 14, 2015 - 11:29am

Thanks, Pining!

4 oz
Jul 14, 2015 - 11:31am
Nick Elway
Jul 14, 2015 - 11:37am

Paul's silver above ground number is bogus

I sent Paul an email with a link to

https://www.tfmetalsreport.com/forum/4591/silver-above-ground

Where we found and documented 24 billion ounces of silver above ground as of the end of 2012, not the silly 1 billion ounces number.

I trust Paul's non-silver information is better.

edit: Don't get me wrong, there is a good deep-value case for silver. No need to exaggerate.

Jul 14, 2015 - 11:39am
tyberious
Jul 14, 2015 - 11:48am

Major retail chains shutting

Major retail chains shutting down thousands of stores; are you prepared and self-reliant?

Take a look at the following list of companies that have announced upcoming store closures:

  • Abercrombie & Fitch: 180 stores (by 2015)
  • Aeropostale: 75 stores (through January 2015)
  • American Eagle Outfitters: 150 stores (through 2017)
  • Barnes & Noble: 223 stores (through 2023)
  • Body Central/Body Shop: 265 stores
  • Bottom Dollar Food: 66 stores
  • Build-A-Bear: 25 stores (through 2015)
  • C. Wonder: 32 stores
  • Cache: 21 stores
  • Chico's: 120 stores (through 2017)
  • Children's Place: 200 stores (through 2017)
  • Christopher & Banks: 17 stores
  • Coach: 70 stores (fiscal 2015)
  • Coco's/Carrows: 70 stores
  • Deb Shops: 300 stores
  • Delia's: 92 stores
  • Dollar Tree/Family Dollar: 340 stores
  • Einstein Bros. Bagels: 39 stores
  • Express: 50 stores (through 2015)
  • Frederick's of Hollywood: 31 stores
  • Fresh & Easy Grocery Stores: 50 stores
  • Friendly's: 14 stores
  • Future Shop (Best Buy Canada): 65 stores
  • Golf Galaxy: 54 stores (by 2016)
  • Guess: 50 stores (through 2015)
  • Gymboree: 26 stores
  • JCPenney: 40 stores
  • Jones New York Outlet: 127 stores
  • Just Baked: 10 stores
  • Kate Spade Saturday & Jack Spade: 28 stores
  • Macy's: 14 stores
  • Office Depot/Office Max: 400 stores (by 2016)
  • Pep Boys: 63 stores ("in the coming years")
  • Pier One: 100 stores (by 2017)
  • Pick 'n Save: 20 stores (by 2017)
  • Radio Shack: 1,784 stores
  • Ruby Tuesday: 13 stores
  • Sears: 77 stores
  • SpartanNash Grocery Stores: 10 stores
  • Staples: 55 stores (2015)
  • Target, Canada: 133 stores (bankruptcy)
  • Tiger Direct: 31 stores
  • Walgreens: 200 stores (by 2017)
  • West Marine: 10 stores
  • Wet Seal: 338 stores
  • Wolverine World Wide: 80 stores (2015 - Stride Rite & Keds)

Learn more: https://www.naturalnews.com/050374_retail_closures_economic_collapse_self_reliance.html#ixzz3fshfYDOs

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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